Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. You may link your mobile device to the trading platform via the MT4 mobile platform. You can see real-time pricing, place and manage trades, examine account history, monitor positions, customise charts, set alerts, and many other things. This is beneficial for traders who need to access their accounts while on the go.

Mobile Apps

This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. If you have a different priority, then visit our homepage and view our other forex broker comparison charts. Our most popular forex broker comparison tables are low fee, high leverage and bonus offers. All information comes from providers’ websites axi forex broker with each provider offering free demo accounts to trial their offering and trading currency. Reputable forex brokers play a crucial role in this regard, offering traders access to a diverse range of trading platforms that cater to various skill levels and investment strategies. Axi was launched in 2007 as an Australian-based financial service provider.

• However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts.
• This included comparisons to popular currency brokers including Pepperstone and IC Markets.
• Unlock the full power of your Forex strategies and watch your profits soar.

Trading Platforms

Finally, let us compare Axi Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the https://forexarena.net/ broker verifies your account. When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information.

Great Support expirience

Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates. A $7.0 commission for a 1 Lot trade is similar to what other brokers such as IC Markets will charge, but it is not the lowest in the industry. Once you have opened an Axi trading account and are ready to trade forex online, you can deposit funds via credit card or bank transfer. You can also use Neteller, SKRILL, PIX, Crypto, Przelewy24 or Bankwire. Contact us 24 hours a day, 5 days a weekBefore you apply, it is important that you read our Client Agreement. Investing in CFDs carries significant risks and is not suitable for all investors.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with Axi please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Axi and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch). On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip). Get free access to advanced trading tools, like Autochartist, to make better trade decisions.

New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account.

Browse our trading account types to see which one is the best fit for you. The week begins with markets in a weakly risk-on mood while warily eyeing Wednesday’s upcoming release of US CPI data, which is expected to show an unchanged annualized rate. By selecting the best Forex platform for your needs and preferences, you lay the foundation for maximizing your trading success.

This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk. In 2014, an Investment Trends report found that Axi forex broker had the strongest brand association as being ‘trustworthy’. This was backed up in 2017 when the Investment Trends Australian forex broker report gave it the highest overall client satisfaction.

Axi Overview – A competitive trading environment for algorithmic trading and scalpers. The Organisation of Petroleum Exporting Countries (OPEC) is an international organisation consisting of 14 nations that are all oil-producing countries. Whether you’re studying the principles of Forex, trying out new methods, or searching for expert trading advice, the eBook series may help you increase your market knowledge. Our only complaint is that traders have to sign up with the offshore entity – AxiTrader Limited, which isn’t authorized by a strong regulator.

Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi.

Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. And since share CFDs also allow you to apply leverage, you don’t need large amounts of capital to gain the benefits of trading some of the world’s biggest stocks. When you invest in stocks, you pay the total price up-front to take some ownership of an asset and can only profit when the price of the stock increases.

With an intuitive interface, real-time market data, and advanced charting tools, Plus500 makes it easy for traders to make informed decisions. The broker also offers a free demo account, allowing new traders to practice and improve their skills without any financial risk. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot.

There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds.